Mattern Capital Management LLC Buys New Stake in Gartner, Inc. $IT

Mattern Capital Management LLC purchased a new stake in shares of Gartner, Inc. (NYSE:IT) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,746 shares of the information technology services provider’s stock, valued at approximately $1,385,000.

Several other institutional investors have also bought and sold shares of IT. J. Stern & Co. LLP grew its position in Gartner by 8,182.0% in the fourth quarter. J. Stern & Co. LLP now owns 1,536,890 shares of the information technology services provider’s stock worth $387,727,000 after acquiring an additional 1,518,333 shares in the last quarter. Norges Bank bought a new stake in shares of Gartner in the 4th quarter valued at approximately $299,576,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Gartner by 108,812.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,025,952 shares of the information technology services provider’s stock valued at $258,827,000 after purchasing an additional 1,025,010 shares during the last quarter. Capital International Investors boosted its holdings in shares of Gartner by 28.3% in the 4th quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider’s stock worth $1,010,153,000 after purchasing an additional 884,250 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of Gartner by 51.9% during the 4th quarter. AQR Capital Management LLC now owns 1,892,004 shares of the information technology services provider’s stock valued at $477,315,000 after purchasing an additional 646,052 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on IT. Barclays decreased their price target on Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a report on Friday, April 10th. Morgan Stanley cut their price objective on shares of Gartner from $183.00 to $173.00 and set an “equal weight” rating on the stock in a research report on Friday. Royal Bank Of Canada reduced their target price on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. Wells Fargo & Company lowered their target price on shares of Gartner from $140.00 to $120.00 and set an “underweight” rating for the company in a report on Wednesday, June 24th. Finally, Weiss Ratings downgraded shares of Gartner from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $173.10.

Gartner Price Performance

IT opened at $141.23 on Tuesday. The business has a fifty day moving average of $147.32 and a 200 day moving average of $169.69. The stock has a market cap of $9.46 billion, a P/E ratio of 13.96, a PEG ratio of 0.73 and a beta of 0.97. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 46.98. Gartner, Inc. has a 52-week low of $124.25 and a 52-week high of $375.84.

Gartner (NYSE:IT) last released its earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.33. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the firm posted $2.98 earnings per share. The business’s revenue was down 1.5% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 13.250- EPS. As a group, sell-side analysts anticipate that Gartner, Inc. will post 13.65 EPS for the current year.

Gartner Profile

Gartner, Inc is a global research and advisory firm that provides insights, advice and tools for leaders in IT, finance, HR, customer service and other business functions. Founded in 1979 and headquartered in Stamford, Connecticut, Gartner specializes in helping organizations make informed decisions about technology, operations and strategy through a combination of published research, advisory services, consulting, executive programs and events.

The company’s offerings include proprietary research reports, market forecasts, and analytical frameworks that are widely used by technology buyers and vendors.